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Summary Info
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General Assembly decision regarding the dividend distribution
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Update Notification Flag
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Yes
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Correction Notification Flag
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No
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Postponed Notification Flag
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No
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Decision Date
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20.03.2023
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Date of Related General Assembly
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11.04.2023
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Was The Issue of Dividend Payment Negotiated?
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Discussed
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Type of Cash Dividend Payment
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Payment In Advance
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Currency Unit
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TRY
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Stock Dividend
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Will Not Be Paid
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Cash Dividend Payment Amount and Rates
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Cash Dividend To Be Paid For Share With Par Value of 1 TL - Gross (TL)
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Cash Dividend To Be Paid For Share With Par Value of 1 TL - Gross (%)
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Cash Dividend To Be Paid For Share With Par Value of 1 TL - Net (TL)
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Cash Dividend To Be Paid For Share With Par Value of 1 TL - Net (%)
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MGROS, TREMGTI00012
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Payment In Advance
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2,6069536
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260,69536
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10
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2,3462582
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234,62582
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Proposed
Ex-Dividend Date
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Payment In Advance
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30.05.2023
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30.05.2023
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01.06.2023
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31.05.2023
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(1) The date that the dividend will be paid and the share will start trading without dividend right (proposed).
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(2) The date that the dividend will be paid and the share will start trading without dividend right (finalized).
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(3) Date of entry to the accounts of the shareholders whose shares are traded on the stock exchange.
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(4) Date of determination of the right holders of the type of shares traded on the stock exchange.
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Amount and Rate of Cash Dividend Stock Dividend Payment
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Amount of Stock Dividend (TL)
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Rate of Stock Dividend (%)
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MGROS, TREMGTI00012
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0
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0
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In compliance with the Capital Markets Board (CMB)'s Communiqué on Dividends (II-19.1) and the Guide on Dividends, as well as in accordance with our Articles of Association and publicly disclosed dividend distribution policy, the Board of Directors' dividend distribution proposal for 2022 was discussed at the General Assembly meeting. Accordingly it was decided;
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to distribute gross dividends of TL 472,000,000.00 to be fully paid in cash, after allocating TL 47,200,000.00 of secondary legal reserves, from "other distributable resources" in the consolidated financial statements prepared in accordance with the capital markets legislation and in the legal records prepared in accordance with the Tax Procedure Law.
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to pay dividend TL 2.6069536 gross=net for shares at the nominal value of TL 1 for
our shareholders which are full taxpayer institutions or limited taxpayer institutions obtaining dividend through a workplace or permanent representatives in Turkey
,
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to pay gross dividend of TL 2.6069536 and net dividend of TL 2.3462582 (by deducting 10% withholding tax) cash for shares at the nominal value of TL 1 for
our other shareholders,
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to start dividend distribution on 30 May 2023 upon completion of the legal process following the General Assembly Meeting and to authorize the Board of Directors to engage in necessary transactions.
Since the legal limit in the Article 519 of the Turkish Commercial Code has been reached, the allocation of primary reserve is not required.
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Appendix: 1
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Migros Kar Dağıtım Tablosu 2022.pdf
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Appendix: 2
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Migros Dividend Distribution Table 2022.pdf
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DIVIDEND DISTRIBUTION TABLE
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MİGROS TİCARET A.Ş. 01.01.2022/31.12.2022 Period Dividend Payment Table (TL)
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1.Paid-In / Issued Capital
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181.054.233
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2. Total Legal Reserves (According to Legal Records)
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462.137.812,74
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Information on privileges in dividend distribution, if any, in the Articles of Association:
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-
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*
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Based on CMB Regulations
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Based on Legal Records
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3. Current Period Profit
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1.908.246.187,99
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1.008.898.835,61
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4. Taxes Payable (-)
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671.582.989,27
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-284.848.724,09
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5. Net Current Period Profit
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2.579.829.177,26
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724.050.111,52
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6. Losses in Previous Years (-)
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-767.287.251,9
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-819.938.989,6
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7. Primary Legal Reserve (-)
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0
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0
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8. Net Distributable Current Period Profit
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1.812.541.925,36
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-95.888.878,08
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Dividend Advance Distributed (-)
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0
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0
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Dividend Advance Less Net Distributable Current Period Profit
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0
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0
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9. Donations Made During The Year ( + )
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1.410.405,62
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10. Donation-Added Net Distributable Current Period Profit on which First Dividend Is Calculated
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1.813.952.330,98
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11. First Dividend to Shareholders
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* Cash
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0
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* Stock
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0
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12. Dividend Distributed to Owners of Privileged Shares
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0
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13. Other Dividend Distributed
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0
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* To the Employees
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0
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* To the Members of the Board of Directors
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0
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* To Non-Shareholders
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0
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14. Dividend to Owners of Redeemed Shares
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0
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15. Second Dividend to Shareholders
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0
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16. Secondary Legal Reserves
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0
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0
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17. Statutory Reserves
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0
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0
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18. Special Reserves
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0
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0
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19. Extraordinary Reserves
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0
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0
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20. Other Distributable Resources
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472.000.000
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472.000.000
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Dividend Payment Rates Table
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CASH DIVIDEND AMOUNT (TL) - NET
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STOCK DIVIDEND AMOUNT (TL)
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TOTAL DIVIDEND AMOUNT (TL) / NET DISTRIBUTABLE CURRENT PERIOD PROFIT (%)
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DIVIDEND TO BE PAID FOR SHARE WITH PAR VALUE OF 1 TL - NET (TL)
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DIVIDEND TO BE PAID FOR SHARE WITH PAR VALUE OF 1 TL - NET (%)
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- - -
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TOTAL
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424.800.000
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2,3462582
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234,62582
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Dividend Rate Table Explanations
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The Company; i) will pay gross dividend of TL 2.6069536 (net TL 2.3462582) for shares at the nominal value of TL 1 for the fiscal year 2022, corresponding to 260.
69536
% gross dividend distribution based upon the Company's paid-in capital of 181,054,233 TL, ii) will distribute dividend of TL 472,000,000.00 to be fully paid in cash, starting from 30 May 2023, iii) will pay the aforementioned dividend from the Company's reserves, and iv) will
allocate TL 47,200,000.00 of secondary legal reserves amounting to 10% of total dividend to be distributed.
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